This is not accurate. Co-op owners may deduct a portion of their maintenance fees as real estate taxes. Each year, our management sends out a letter letting us know how to calculate how much we have paid in real estate taxes (how much of our maintenance fees are for real estate taxes). This consists of multiplying the number of shares we own in the co-op by a number per share which management also has calculated. This number (minus any rebates such as NYS star credit) is amount we may deduct for real estate taxes.
